According to the National Bureau of Statistics, Chinese retail sales rose 18.1% in October, representing the fastest growth since 1999. Going against expectations of flat results, retail sales were reportedly 826.3 billion yuan ($111.3 billion).

Clothing and footwear sales were among the most rapid sectors for growth, with sales up 32.6%. For the January to October period, retail sales increased 16.1% year-on-year  to 7.2 trillion yuan.

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